CW offers contractual rights to a 3rd party to redress non-performance through the terms of the contact. Performance Bond is a sum held in surety that can be called upon in the event of the contractor not performing in accordance with the contract
difference between nature of conditions and warranties
There is not much difference between collateral and pledge. If you put something up as collateral, if you fail to pay the loan, the item that you pledged will be taken. Either word can be used.
There is not much difference between collateral and pledge. If you put something up as collateral, if you fail to pay the loan, the item that you pledged will be taken. Either word can be used.
Security is broader, including guarantees etc. Collateral is something specific that can be seized upon default, like a house, car, or shares.
A secured promissory note has collateral attached - usually an item/items of value or a deposit. If the note is not fulfilled, the creditor can seize the collateral as payment. An unsecured note has no collateral attached.
Typically a mortgage is a loan secured by real property (land!) and collateral is personal property (jewels, bonds, valuables, etc.) used to secure a loan.
Effort
display is something you see, however, performance is something you do.
Performance gap is the difference between current situation and intended situation.
Reps are statements of fact made by one party in a contract, while warranties are promises or guarantees about the quality or condition of something being sold. Reps are typically made at the time of contract formation, while warranties are ongoing assurances that certain conditions will be met.
A secured bond is backed by collateral, such as assets or property, while an unsecured bond is not backed by any collateral. This means that if the issuer of a secured bond fails to pay back the bond, the collateral can be used to repay the bondholders, whereas with an unsecured bond, there is no specific collateral to guarantee repayment.
"Appearance" is what something looks like; "Performance" is what it does. "This car has the appearance of a gazelle and the performance of a slug."